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What is Money? 2 года назад


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What is Money?

"you as an individual can run out of money but society can never run out of money and if the government has gone into debt it is because somebody has accumulated money; it's always in balance" With regards to interest - Central Banks receive interest on the loans they make, and they also pay interest every day to the holders of money, so this balances out societally and does not take the monetary system out of balance. SUBSCRIBE, SHARE & START A CONVERSATION SOCIAL MEDIA: WEBSITE - https://www.wealtheconomics.org TWITTER - @garyseconomics FACEBOOK - @garyseconomics INSTAGRAM - @garyseconomics TIKTOK - @garyseconomics Spoken by Gary Stevenson GARYSECONOMICS Uploaded by Simran Mohan MOHAN MEDIA TIMESTAMPS 00:00 - Introduction to Money 01:00 - Does Money include Debt 04:00 - Money Creation 06:49 - The Total Amount of Money 10:34 - Our Concept of Money 13:24 - Governments & Money 15:59 - 2 Competing Concepts 18:00 - Inequality in Credit/Debt 21:50 - Money is NOT resources

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